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Why GE Opted to Merge Its Transportation Segment with Wabtec

Why GE Opted to Merge Its Transportation Segment with Wabtec

General Electric’s (GE) Transportation segment is its second-smallest unit by sales. The segment manufactures trains, mining equipment, and marine diesel engines. However, for the past few years, the segment has been witnessing falling revenues and margins due to intense competition from local and regional players along with train budgetary cuts in several global economies.